Banking: Ten years on, ICBC Standard deal starts to show its worth

Banking: Ten years on, ICBC Standard deal starts to show its worth

In the 10 years since ICBC’s $5.5 billion acquisition of a 20% stake in South Africa’s Standard Bank Group, there has still been no bigger single China-Africa investment. Looking back now, the deal was remarkable for the speed and relative ease with which it came together. But has it worked?

Arunma Oteh interview: New markets for the World Bank

Arunma Oteh interview: New markets for the World Bank

Arunma Oteh has helped develop new financial tools to address the world’s most pressing issues – in an exclusive interview, she talks about the difference the capital markets can make and her previous career fighting corruption in Nigeria.

Welcome to Euromoney Africa

Welcome to Euromoney Africa

It is almost 50 years since Euromoney was born with the wholesale international capital markets, to chronicle their evolution and that of the institutions that serve them. Today, the growth of banking and finance is now arguably at its most exciting, most important – and least exposed – in Africa.

A Mauritian bank sets its sights on the continent

A Mauritian bank sets its sights on the continent

State Bank of Mauritius aims to start a pan-African bank from scratch, as its home country turns its economy towards the continent. Little has been achieved to date, but SBM’s chairman is focused and confident.

Zambia: Kalyalya looks beyond the copper crisis

Zambia: Kalyalya looks beyond the copper crisis

As Denny Kalyalya’s first term as Zambia’s central bank governor draws to a close, he reflects on the need for IMF support, the currency and debt crisis that engulfed the country two years ago and his efforts to deliver a recovery for the long term.

Sub-Saharan Eurobonds hold up under pressure

Sub-Saharan Eurobonds hold up under pressure

Following Mozambique's default, is it time to reassess which other African Eurobond issuers might follow suit – and what options are open to issuers – given deteriorating finances and rising global interest rates?

Kigali's banks seek a wider role in East Africa

Kigali's banks seek a wider role in East Africa

Rwanda is one of the most competitive economies in Africa, thanks to reforms and an open-door approach to foreign investment. Its banking landscape has been transformed and bankers are keen to turn Kigali into a financial centre serving the region, though they admit it has a long way to go.

Bob Diamond is back on the offensive

Bob Diamond is back on the offensive

After a characteristically bold attempt last year to acquire Barclays Africa, a firm which he was instrumental in developing, Bob Diamond is even more determined to build his own pan-African bank at Atlas Mara. The London-listed African banking platform he co-founded four years ago has had its setbacks, but thanks to new funding and a bigger stake in its flagship Nigerian investment, another former Barclays asset, Diamond sees plenty of opportunities ahead.

African banks grasp the global retreat

African banks grasp the global retreat

Barclays’ exit from the continent shows how banks based in developed countries are either unable or unwilling to support growth in emerging markets. But for institutions with a focus on Africa, the departure of such international rivals makes banking in the region look even more attractive.

Ramos leads Barclays Africa into a new era

Ramos leads Barclays Africa into a new era

Barclays’ ownership has hobbled some of its biggest businesses in Africa. Now Maria Ramos, chief executive of the Johannesburg-listed successor company that makes up the bulk of Barclays Africa, tells Euromoney Africa about the challenges she faces in extricating Absa and the rest of the network from the London-based group.

African private equity managers ride out the storm

African private equity managers ride out the storm

Currency devaluations and swings in commodity prices have taken their toll on many a private equity investment in Africa in recent years, particularly for those who invested at the height of the Africa bull market between 2005 and 2013. These days, sponsors are picking their targets carefully, with a focus on domestic consumers and non-commodity exporters.

African businesses see Brexit upside

African businesses see Brexit upside

African economists and bankers expect more advantageous trade terms, possibly with both the UK and the European Union, after last year’s shock decision to leave.

Iraq’s next battle: corruption

Iraq’s next battle: corruption

Iraq’s former industry minister, Mohammed Alderajy, is brutally honest about the country’s culture of corruption and resistance to reform. The banking sector is far from immune. He says a new attitude is needed if Iraq is to improve its prospects for reconstruction.

Qatari finance finds its new normal

Qatari finance finds its new normal

Banks in Qatar have been hit hard by its powerful neighbours’ unexpected blockade, but finance, just like other sectors of the Qatari economy, is finding ways to cope with this sudden realignment of regional alliances.

Egypt's El-Garhy seeks stability in reform

Egypt's El-Garhy seeks stability in reform

Amr El-Garhy is Egypt’s ninth finance minister in a little over six years – and after a revolution, a coup d’état and last year’s surprise currency flotation, the Egyptian economy is in desperate need of stability. El-Garhy talks to Euromoney about the challenges facing him and the country.